Image
August 23, 2016

The Revised Timeline for Bilateral Margin Regulations

A consolidated view of the regulatory timelines for uncleared margin regulations

Global regulators are moving towards placing margin requirements on un-cleared OTC business. Knowing when you need to comply keeps changing, so below is my best effort at setting out the latest situation.  Recent updates from Singapore and Australia have blurred the picture in Asia with Hong Kong expected to follow suit.


Summary

  • US & Japan: No change to the original timeline, so VM & IM starting very soon
  • Europe sticking to the original timetable, but with the start of VM and IM timed to be one month after they finalise the regulations (so the arrows below are not fixed)
  • Singapore & Australia: No published timetable – references to other 'major regulators', implies they may wait for Europe
  • Hong Kong: No change now, but the HKMA are mentioned in the announcements from Singapore and Australia and may also 'blur' their timeline


Popular
Most Viewed

Image

Related Articles


June 30, 2022

SIMM Falls Short says PRA Letter to Banks




2 MIN



Risk Management


June 28, 2022

FMSB Statement of Good Practice on Trading Platform Disclosures




2 MIN



Regulation


June 20, 2022

Regulatory change and data fragmentation are key challenges for 85% of firms




2 MIN



Regulation